Maximizing your retirement plan contributions is one of the most powerful ways I can help you secure your financial future. As we near the end of the first quarter of 2025, it's the perfect time to review your contributions.

In this episode, I break down how you can ensure you're contributing the maximum allowable amount and why it's essential to do so. I explain how to calculate your contribution limits based on your salary and pay frequency, so you can easily determine how much you should be setting aside per pay period.

If you haven't adjusted your contributions for the year, don't worry—I'll walk you through how to quickly get back on track to ensure you're maximizing your retirement plan. By taking action now, you can set yourself up for greater savings down the road.

You will want to hear this episode if you are interested in...

• (0:00) The importance of maximizing retirement contributions
• (3:21) How to calculate maximum contributions for those under 50
• (6:50) How catch-up contributions for individuals over 50 (and how to maximize these)
• (8:12) A new super catch-up provision for those aged 60-63 under the Secure Act 2.0
• (9:34) Employer matching contributions and how they fit into your total contribution limit
• (12:03) How to convert after-tax contributions to Roth accounts to maximize growth
• (14:55) The advantages of using a taxable brokerage account for additional savings

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

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